REG - Kropz PLC - Directorate Change

KropzAnnouncement

14/09/2022 07:00

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RNS Number : 3324Z  Kropz PLC  14 September 2022

14 September 2022

Kropz PLC

("Kropz" or "the Company")

Directorate Change

 

Kropz Plc announces that Machiel Reyneke is retiring as a non-executive
director of the Company, with immediate effect. Mr Reyneke has represented the
ARC Fund ("ARC") on Kropz's board of directors since 2018. The board also
announces that Gerrit Duminy has been appointed to the board as a
non-executive director, as ARC's representative, with immediate effect.

 

Commenting on the announcement, Robin Renwick, Chairman, said:

"The Board wish to express its sincere thanks to Machiel for his significant
help and contribution over the past few years. We have known Gerrit for a
number of years, as he worked closely with Machiel, and we welcome him to the
board."

 

Further information on Gerrit Duminy

Gerrit Jacobus Duminy, aged 31, is currently a director of the companies set
out below and has no prior directorships or partnerships to disclose.

 Current directorships
 Gemcap Investment Management (Pty) Ltd

 Linebooker (Pty) Ltd

 Linebooker Technologies (Pty) Ltd

 Kropz Elandsfontein (Pty) Ltd

 Elandsfontein Land Holdings (Pty) Ltd

 

He is currently employed by UBI General Partner (Pty) Ltd ("UBI") as an
Associate Deal Executive. UBI is the general partner, and manager, of ARC. ARC
is the Company's major shareholder, with a current holding of 83.2% of the
existing ordinary shares of the Company.

There is no further information required to be disclosed in respect of the
above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for
Companies.

 

For further information visit www.kropz.com (http://www.kropz.com/)  or
contact:

 

 Kropz Plc                           Via Tavistock
 Mark Summers (CEO)                  +44 (0) 207 920 3150

 Grant Thornton UK LLP               Nominated Adviser
 Samantha Harrison                   +44 (0) 20 7383 5100

 Harrison Clarke

 George Grainger

 Ciara Donnelly

 Hannam & Partners                   Broker
 Andrew Chubb                        +44 (0) 20 7907 8500

 Ernest Bell

 Tavistock                           Financial PR & IR (UK)
 Nick Elwes                          +44 (0) 207 920 3150

 Jos Simson                          kropz@tavistock.co.uk

 Emily Moss

 R&A Strategic Communications        PR (South Africa)
 Charmane Russell                    +27 (0) 11 880 3924

                                     charmane@rasc.co.za

 

About Kropz Plc

Kropz is an emerging African producer and developer of plant nutrient feed
minerals with phosphate projects in South Africa and in the Republic of Congo.
The vision of the Group is to become a leading independent phosphate rock
producer and to develop into an integrated, mine-to-market plant nutrient
company focusing on sub-Saharan Africa.

 

 

-ENDS-

 

 

 

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